"Although the Nigerian Communications Commission (NCC) set a deadline for payment of the fine by Monday, November 16 2015, shareholders are advised that the Nigerian authorities have, without prejudice, agreed that the imposed fine will not be payable until the negotiations have been concluded," the company said.
MTN said it was "committed to resolving the matter as soon as possible" and would continue to update stakeholders as news surfaced.
It again advised shareholders to continue exercising caution when dealing in its shares until a further announcement was made.
Source: BDpro
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